February 1, 2008 – 8:30 pm | No Comment 
| Posted in » Ramblings
Microsoft Corp. has offered to acquire Yahoo in a cash and stock deal valued at $44.6 billion.The deal, which, at $31 a share represents a 62 percent premium on Yahoo shares, is an unsolicited offer, coming a year after Yahoo rejected a similar combination.
It would be one of the largest technology acquisitions ever, and certainly the largest for Microsoft, dwarfing the company’s $6 billion deal for aQuantive last year.
The offer comes as older, more established tech giants like Microsoft and Yahoo struggle to the newer threats posed by Google, which dominates the online-search landscape.
“Our lives, our businesses, and even our society have been progressively transformed by the Web, and Yahoo! has played a pioneering role by building compelling, high-scale services and infrastructure,” said Ray Ozzie, chief software architect at Microsoft said in a press release announcing the offer. “The combination of these two great teams would enable us to jointly deliver a broad range of new experiences to our customers that neither of us would have achieved on our own.”
Under terms of the offer, Yahoo shareholders would receive cash or a fixed number of shares of Microsoft common stock, with Yahoo shareholders getting one-half cash and one-half Microsoft common stock.
Yahoo officials weren’t immediately available to comment.
Source: FoxBusiness
Such as hot news in internet. Anyone can confirm it?
